Conifer Management L.L.C. Buys New Position in Smith Douglas Homes Corp. $SDHC

Conifer Management L.L.C. bought a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,433,350 shares of the company’s stock, valued at approximately $22,274,259. Smith Douglas Homes accounts for approximately 0.0% of Conifer Management L.L.C.’s portfolio, making the stock its 6th biggest holding. Conifer Management L.L.C. owned 2.82% of Smith Douglas Homes as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SDHC. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes in the second quarter worth approximately $34,000. Tower Research Capital LLC TRC bought a new position in shares of Smith Douglas Homes during the second quarter worth approximately $90,000. Hsbc Holdings PLC bought a new position in Smith Douglas Homes in the 1st quarter valued at approximately $168,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Smith Douglas Homes during the 4th quarter worth approximately $182,000. Finally, Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after buying an additional 2,281 shares during the last quarter.

Smith Douglas Homes Stock Up 2.4%

Shares of SDHC stock traded up $0.29 during trading on Friday, reaching $12.44. The company’s stock had a trading volume of 53,407 shares, compared to its average volume of 95,149. The company has a market cap of $632.30 million, a price-to-earnings ratio of 17.28 and a beta of 0.88. Smith Douglas Homes Corp. has a one year low of $10.72 and a one year high of $23.49. The business has a fifty day moving average price of $14.52 and a 200-day moving average price of $14.04.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%.The business had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Research analysts anticipate that Smith Douglas Homes Corp. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on SDHC. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $13.90.

Smith Douglas Homes Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp. was founded in 2008 and is headquartered in Woodstock, Georgia.